Social Impact

Strados Labs Awarded Competitive Small Business Innovation Grant from the National Science Foundation

August 18, 2020

Strados Labs has been awarded a National Science Foundation (NSF) Phase I Small Business Innovation Research (SBIR) grant for $224,470 to conduct research and development (R&D) work on a smart wearable platform for remote respiratory monitoring: building better technologies for telemedicine in the age of COVID-19. This leading-edge technology from Strados Labs is used to […]

This Tech CEO Raised a $1M Seed Round While Treating Covid-19 patients, and Relying on Her Own Product

July 29, 2020

During the height of the Covid-19 pandemic in Philadelphia, tech entrepreneur Dr. Subha Airan-Javiaspent weeks taking care of recovering Covid-19 patients at a local long-term acute care facility. Not only did she and her fellow clinicians rely on the product she created, in-patient workflow management app TrekIT Health, she was also busy raising a $1 […]

Accolade, a Philly-Seattle health IT Company, Announces Terms for IPO

June 26, 2020

Connected healthcare company Accolade, with headquarters in Plymouth Meeting and Seattle, set terms this week for its IPO, GeekWire first reported. Founded in 2007, Accolade could be the first company in both regions to go public in 2020. The process started back in February, when it announced it had filed its S-1 form. Accolade helps […]

University of Kentucky, Children’s Hospital of Philadelphia and Mitochon Pharmaceuticals Awarded NIH Grant for Traumatic Brain Injury Studies

June 23, 2020

Mitochon Pharmaceuticals today announced that they, in partnership with the University of Kentucky (UK) and Children’s Hospital of Philadelphia (CHOP), were awarded a $3.2M National Institutes of Health grant to study Mitochon’s mitochondrial targeted drug therapies for treating Traumatic Brain Injury (TBI). This important award, along with the Company’s open IND, will help pave the […]

NIH Grant Gives Roundtrip $252K to Study Impacts of Transportation on Opioid use Disorder Treatment

June 2, 2020

Looking to the opioid use disorder space the National Institutes of Health has given Roundtrip, a software platform for organizing medical transport, a $252,000 Small Business Innovation Research (SBIR) Phase I grant in order to look at the impact of transportation on OUD treatment. Specifically, the study will be zeroing in on appointment show-rates and […]

Cagent Vascular Announces FDA 510(k) Clearance for its Serranator Device for the Infrapopliteal Indication and Completion of its PRELUDE-BTK Clinical Trial Enrollment

April 23, 2020

WAYNE, Pa.–(BUSINESS WIRE)– Cagent Vascular, a developer of serration technology for vessel dilatation in cardiovascular disease interventions, announces FDA 510(k) Clearance of its Serranator® PTA Serration Balloon Catheter for treating below-the-knee (BTK) lesions. The Serranator device is the first and only angioplasty balloon FDA Cleared and CE Marked that embeds serration technology into a semi-compliant […]

Inside Annovis Bio’s $13.8 Million IPO

February 5, 2020

Maria Maccecchini made no effort to hide her glee a day after her company completed a multimillion-dollar initial public stock offering. “We aren’t cash-strapped anymore,” said the founder and CEO of Annovis Bio, greeting a visitor at her Chester County office. Annovis ended up raising a total of $13.8 million from its IPO, which closed […]

This Philadelphia Business has Created a Wearable Panic Button to Protect Hotel Workers from Sexual Assault

January 10, 2020

Nationwide, there’s a push to make hotel, casino, and restaurant workers safer from on-the-job sexual harassment, thanks to expanding passage of legislation that requires companies to provide individual panic buttons to its workers. One Philadelphia business — ROAR for Good — is part of that movement. Its cofounder, Yasmine Mustafa, knows firsthand the vulnerabilities faced […]